JTC launches three industrial sites for sale

JTC Corporation has launched three land parcels for sale under the Industrial Government Land Sales (IGLS) programme: Two Confirmed List sites at Tuas South Street 11 and Tampines Industrial Drive, and one Reserve List site at Tampines Industrial Drive.

In a news release on Tuesday (Nov 25), JTC said all three are zoned for Business-2 development. The 1-ha site at Tuas South Street 11 has a 20-year six-month tenure with a maximum permissible gross plot ratio of 1.0, while the 0.5-ha site at Tampines Industrial Drive has a tenure of 20 years and a maximum permissible gross plot ratio of 1.4. The tenders for both sites close on Jan 20, 2015 at 11am.

The 0.6-ha Reserve List site at Tampines Industrial Drive also has a 20-year tenure and a maximum permissible gross plot ratio of 1.4, JTC said.

Confirmed List sites go on sale regardless of interest from developers, while Reserve List sites are triggered for a public tender only if a developer makes an acceptable opening offer.

Source : Channel NewsAsia – 25 Nov 2014

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